LCCI partners Founder Institute to support launch of tech startups

The Lagos Chamber of Commerce and Industry (LCCI) has partnered The Founder Institute (FI), the world’s largest pre-seed accelerator program, to birth new technology companies aimed at solving some of the nation’s challenges.
Mrs Toki Mabogunje, President,LCCI made this known in a statement on Tuesday in Lagos.
Mabogunje said that the collaboration was one of the Chamber’s post-pandemic economic plans and activities designed to reposition the private sector.
According to her, there is no better time to give impetus to technologically driven innovations and creativity to boost efficiency and productivity among firms across sectors.
“Leveraging technology would make a whole lot of difference at both micro and macro levels in our economy and the LCCI is really excited to be part of this initiative.
“Founder Institute has supported the launch of over 4,300 companies in 75 countries, and since last year, has launched 40 new tech companies across two cohorts in Lagos.
“The blend of legacy and tech businesses makes the LCCI-FI collaboration unique, as it opens up opportunities for tech startups in Lagos.
“This will help to add immense value to the real economy through solutions to deep-rooted challenges in sectors like Agriculture, Health, Transportation, Finance, Media, Manufacturing and so forth,” she said.
FI Lagos’ Lead Director, Mr Ayowande Adalemo, said the partnership would be the beginning of an era where innovation and the startup mindset becomes the norm.
“Founder Institute Lagos commences its third cohort, virtually, on August 19, 2020 and close to 40 founders are already enrolled to begin the journey of launching their startups.
“LCCI is the bulwark of innovative businesses in Nigeria and so it supports tech enabled startups in Nigeria with events such as its annual Tech Expo, ICTEL,” he said. (NAN)